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COVID-19 Accounting Considerations for CFOs: Revenue Recognition

25 Jun 2020

This Accounting Alert is issued to highlight key aspects of PFRS 15, Revenue from Contracts with Customers, that are expected to be particularly relevant during the COVID-19 pandemic.

COVID-19 Accounting Considerations for CFOs: Government Grants

16 Jun 2020

This Accounting Alert is issued to provide guidance in determining the appropriate accounting treatment for government grants.

IASB Amends IFRS 16 to Provide Relief for Lessees Accounting for Rent Concessions during the COVID-19 Pandemic

03 Jun 2020

This Accounting Alert is issued to summarize the amendments to IFRS 16 issued by the IASB on May 28, 2020 to help lessees account for COVID-19-related rent concessions such as rent holidays and temporary rent reductions.

COVID-19 Accounting for Lease Modifications

28 May 2020

This Accounting Alert is issued to provide a summary of the current accounting treatment for lease modifications and the proposed practical expedient in view of COVID-19-related rent concessions.

SEC Notice on the Opening of SEC Express System and SEC Express Nationwide Submission

26 May 2020

This Accounting Alert is issued to circulate the notice issued by the Securities and Exchange Commission (SEC) on May 21, 2020 in relation to the opening of the SEC Express System and the SEC Express Nationwide Submission (SENS).

Insurance Commission Circular Letters: Regulatory Reliefs, Online Submission of Reports, and Deferral of IFRS 17 Implementation

22 May 2020

This Accounting Alert is issued to summarize recent circular letters (CLs) issued by the Insurance Commission (IC) from May 14 to May 18, 2020.

COVID-19 Accounting Implications for CFOs: Impairment of Intangible Assets and Goodwill

20 May 2020

This Accounting Alert is issued to provide insights on issues management should consider in assessing impairment, as well as some direction as to how best respond to them.

IASB Issues Narrow Scope Amendments to IFRS Standards

19 May 2020

This Accounting Alert is issued to circulate and summarize the collection of narrow scope amendments to IFRS Standards issued by the International Accounting Standards Board (IASB).

Procedures in the Filing of Audited Financial Statements and General Information Sheet after the Enhanced Community Quarantine

18 May 2020

This accounting alert provides guidelines to all entities registered with the Securities and Exchange Commission (SEC) in relation to the filing of their Annual Financial Statements (AFS) and General Information Sheet (GIS) after the enhanced community quarantine (ECQ).

Extension of Deadline for the Submission of 2020 Annual and Quarterly Reports and AFS of Companies with Fiscal Year Ended January 31 to April 30, 2020

14 May 2020

This Accounting Alert is issued to circulate the extended deadlines provided by the SEC for companies with fiscal year ended January 31 to April 30, 2020.